Starbucks says aims to open 500 new stores in China in 2016

HONG KONG Jan 12 Starbucks Corp, the
world's largest coffee chain, said on Tuesday it aims to open
500 stores in China this year, shrugging off a slowdown in the
world's second-largest economy that has hit global retailers.

Starbucks executives have said they have not seen a systemic
slowdown in China, even as the country's cooling economy has
been blamed for soft results by the likes of KFC and Pizza Hut
parent Yum Brands.

The company said in a statement it aims to create 10,000
jobs in China every year through 2019 as it continues to expand
in its largest market outside the United States.
(Reporting By Anne Marie Roantree and Donny Kwok; Editing by
Muralikumar Anantharaman)

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